Name Mark Haller
Email [FOI #21224 email]
16 October 2009
Our Ref: FOI 2009/174 – F0074554
Dear Mr Haller,
Re: Freedom of Information (Scotland) Act 2002 – Request for Information
Thank you for your email which was received by the University on 15 October 2009 timed
15:06 hours, requesting the following information:
“…the IP Group has invested £450,000 in ReactivLab Ltd for a 33.2% stake. How much of a
share does the University have in this company?
What is the status of the other two companies named (XanIC Limited, and Wireless
bioDevices Limited), what is the level of investment from IP Group, what % stake does this
equate to, and are all of these companies still trading?
However, given that Reactiv Labs was formed in Aug 2007 and there does not appear to have
been any further activity since then, is it reasonable to assume that this partnership has been
terminated due to lack of interest/funds by the IP Group? How much have IP group actually
invested out of the initial £5m indicated in the announcement four years ago?
Has the University agreed to similar partnerships with any other external party? I believe that
both Edinburgh and Strathclyde have agreements with a technology and investment
management company called Braveheart (Edinburgh having a £25m fund formed in 2007 over
eight years; Strathclyde having a £12m fund formed 2007, £4.5m committed as of 2008). Did
Braveheart ever approach the University of Glasgow?”
As the University of Glasgow is a Scottish Public Authority, your request is subject to the
terms of the Freedom of Information (Scotland) Act 2002 (“FOISA”). The University
acknowledges receipt of your request and confirms a response will be sent to you promptly;
and in any event not later than 12 November 2009. The Freedom of Information Office will
contact you if we require any further information.
DATA PROTECTION AND FREEDOM OF INFORMATION OFFICE
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Data Protection: Telephone: 0141-330-3111
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E-Mail: foi@gla.ac.uk
The University of Glasgow, charity number SC004401
Yours sincerely,
Data Protection and Freedom of Information Office
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